Friday, September 12, 2025
Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso- oil and gas 360

Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of U.S. rival Hess after the companies prevailed